Andrew Hamer - Jun 8, 2022 Form 4 Insider Report for Velodyne Lidar, Inc. (VLDR)

Role
Former CFO and Treasurer
Signature
/s/ Tracey Mastropoalo - Attorney-in-Fact
Stock symbol
VLDR
Transactions as of
Jun 8, 2022
Transactions value $
-$8,151
Form type
4
Date filed
6/10/2022, 06:41 PM
Previous filing
May 13, 2022
Next filing
Oct 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction VLDR Common Stock +Options Exercise +4,721 +2.92% 166,371 Jun 8, 2022 Direct F1, F2
transaction VLDR Common Stock -Sell -$2,735 -1,753 -1.05% $1.56 164,618 Jun 9, 2022 Direct F3
transaction VLDR Common Stock -Sell -$5,416 -3,472 -2.11% $1.56 161,146 Jun 9, 2022 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VLDR Restricted Stock Unit +Options Exercise $0 +4,721 +10% $0.00 51,931 Jun 8, 2022 Common Stock 56,652 Direct F5

Explanation of Responses:

Id Content
F1 The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one (1) share of Common Stock for each RSU. The shares were issued pursuant to vested RSUs released on June 8, 2022.
F2 Includes 4,980 shares acquired under the VLDR 2020 Employee Stock Purchase Plan on May 31, 2022. This transaction is exempt pursuant to Rule 16b-3(c).
F3 The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the previously reported vesting and settlement of RSUs. These sales are mandated by the Reporting Person's award agreement to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F4 The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the previously reported vesting and settlement of restricted stock awards. These sales are mandated by the Reporting Person's award agreement to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F5 The Reporting Person was granted RSUs which represent a contingent right to receive one (1) share of Common Stock for each RSU. The RSU shall vest with respect to 25% of the RSUs on each company quarterly vesting dates after February 28, 2021, provided the Reporting Person remains in continuous service on each vesting date. Quarterly vesting dates are February 28, May 28, August 28 and November 28.